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Identifying the Economic Performance of Heat-Based Industrial Symbiosis Networks : A Simulation Study

Lok, Edwin (2019) Identifying the Economic Performance of Heat-Based Industrial Symbiosis Networks : A Simulation Study.

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Abstract:This study aims at assessing the economic feasibility of waste heat-based industrial symbiosis in a theoretical scenario via adopting a discrete simulation approach. An industrial symbiosis network composed of multiple companies producing and requiring different amounts of waste heat is analysed taking into account the following parameters: the number of pipeline links implementable amongst involved companies, the (mis-)match between excess heat supply and demand, the distance between companies, operational availability of waste heat producers and receivers, and the price of natural gas. This study presents a framework for investment costs and annual savings for a heat-based industrial symbiosis network. To support the framework the costs and benefits that were relevant were identified, as well as drivers for investing in such a project. To measure profitability, three performance indicators were identified and thresholds were assigned to the indicators. These performance indicators are annual savings, payback period, and net present value. The role of the government to increase profitability is also identified.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:58 process technology, 83 economics
Programme:Industrial Engineering and Management BSc (56994)
Link to this item:http://purl.utwente.nl/essays/77113
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